EnerBank USA has completed the sale of unsecured home improvement consumer loans with a principal balance of $22 million to State Bank & Trust Company, a subsidiary of State Bank Financial Corporation (NASDAQ: STBZ).

Janney Montgomery Scott LLC served as a placement agent and financial advisor to EnerBank in connection with this transaction.

EnerBank is a highly specialized bank founded in 2002 and headquartered in Salt Lake City, providing unsecured home improvement lending through strategic business partners and independent home improvement contractors throughout the United States. Strategic partners include manufacturers, distributors, franchisors and major retailers of home improvement, remodeling and energy saving products and services. The bank provides private label loan programs for strategic partner organizations, which in turn make those programs available to their networks of dealers.

State Bank Financial Corporation is an Atlanta-based bank holding company for State Bank and Trust Company. State Bank operates 31 full-service banking offices in Atlanta, Middle Georgia, Augusta, Athens, Gainesville and Savannah, Georgia and eight mortgage origination offices throughout Georgia.